What does the 612p offer price imply for valuation?

The 612p all-cash price values Schroders at about £9.9bn and represents a roughly 34% premium to the undisturbed price. That suggests Nuveen sees durable earnings and cash flow in the franchise. It also sets a reference for UK asset managers with sticky mandates and scale.

Could there be a counterbid for Schroders?

It is possible but not a base case. The family’s support raises the bar for rivals, and the premium, while moderate, is meaningful. Investors should not assume a bidding war. If no higher offer emerges, returns will hinge on completion timing and any FX impact for CHF-based accounts.

Should Swiss investors buy SDR.L after the announcement?

Buying post-announcement shifts the thesis to merger-arbitrage. Your upside is mainly the remaining spread to 612p, minus fees and FX costs, with downside if the deal breaks. Consider your risk tolerance, position size, and time horizon before acting, and compare with diversified fund exposure.

How does currency risk affect returns for CHF-based holders?

Returns will reflect both the share move toward 612p and GBPCHF changes until cash is received. A stronger franc can trim gains, while a weaker franc can add to them. Check your broker’s FX rates and any conversion fees that apply at settlement or when you trade.

What happens if the Nuveen Schroders takeover fails?

If the deal collapses, the share price could revert closer to pre-offer levels, erasing most of the premium. Timing, market conditions, and company updates would influence the extent of any decline. Investors should size positions so that a break scenario remains manageable.

Global Market Insights

SDR.L Stock Today: February 12 — Nuveen’s £9.9bn, 612p Offer

ByDanny Kontos February 13, 2026February 13, 2026

The Nuveen Schroders takeover sets today’s tone for UK asset managers. Nuveen agreed to buy Schroders for £9.9bn at a 612p offer price, a 34% premium to recent trading, with the founding family backing the deal. A London delisting now looks likely. For Swiss investors, this event highlights renewed foreign interest in undervalued UK financials. We explain what this means for SDR.L, portfolio strategy, and how to think about currency and execution risk from Switzerland.